Market Power

Musings by an academic economist on the power of markets and the power over markets.

Wednesday, March 02, 2005

Is This Simple Enough?

In this post below, I made this statement:

I'm a beer snob, not a wine connoisseur. But I do like a bottle now and then (not in one sitting - generally!) when it comes to spending $40 on a bottle of wine. I know what I'm getting when I buy a Cab, or a Merlot, or a Shiraz. But I find the labels of many french wines to be difficult to read, and being a casual wine drinker, I usually buy what I can understand.
OK, Chet, how's this for clarity (seen at the local liquor store as I was shopping for some snobby IPA)?